April 29, 2004 

Daily Bankruptcy News

Brought to you by BKINFORMATION.COM - The Source for Business Bankruptcy Information on the Internet 

Also available on the Web (with links to the news stories)  at: http://bkinformation.com/News/DailyNews.htm

Prior editions available at http://bkinformation.com/bankruptcy_news.htm
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Asbestos:

Asbestos Legislation? Motion Denied
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Frist, Daschle launch new talks on asbestos
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Labor says US asbestos fund needs billions quickly
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Asbestos deal fuels quarterly loss for oilfield services firm Halliburton
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W.R. Grace appeals ruling in Libby clean-up
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Airlines:

Air Canada's Milton Will Remain Chief Under Deal
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Attendants asked for more cost savings
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Possible Air Canada pension precedent worries feds
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Stuck in a plunge
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Delta Air Lines may be forced to recall more than 1,000 furloughed pilots
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Atlanta Airport Feels Pain of Delta's Woes
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US Airways plans lower fares to defend hub in Philly
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Air Canada's pension puzzle
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Strike grounds Alitalia flights
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Passengers grounded as Alitalia strike kicks in
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Telecoms:

MCI: Telmex offered least resistance
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New Mexico Seeking $160M From Former WorldCom Over Losses
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Telmex Plans Tender Offer for Embratel Voting Shares
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How greed took down Nortel
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Nortel Fires CEO, Top Executives after Audit Turns Telecom's Profits to Loss
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Nortel's Executive Firings Ring a Bell with Prior Telecom Scandals
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Untangling Nortel
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Energy:

Dynegy's 1Q Net Sank 50% as Revenue Fell
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Atlantic Electric & Gas sold
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Steel:

Ontario will be there to assist Stelco, says Premier Dalton McGuinty
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Halliburton to bill U.S. after all
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Court Approves New $305 Million DIP Loan and Exit Financing for Oglebay Norton
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Oglebay files Chapter 11 plan, gets credit line
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Trustee Sues Zurich Company For $421 Million
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April In Bankruptcy - By The Numbers
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FAO wins exclusivity extension
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Carolina Investors criminal trial delayed
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Quattrone rests case after six-hour grilling by prosecutor
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Economy:

US Consumer Confidence Rebounds, Jobs Gain Lifts Gloom
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Supreme Court Allows Discrimination Suit Over Allstate's Use of Credit Scoring
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Debtor Misconduct and Administrative Rejection Claims
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Enron:

CFTC: Proposed Enron Settlement Calls For $35 Mln Fine
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Enron agrees to pay $35 million to settle gas trading allegations
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A $35 million settlement, in theory
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Skilling's lawyers say event distorted
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AEP, Enron Reach Proposed Settlement Regarding Bammel Storage, Related Assets
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Law:

Firm Retreat? Here's the Universal Motivational Speech
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Firms broker negligence claim caps for individual deals
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Paul Weiss to hold chairmanship vote
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Making partner is becoming more difficult, survey finds
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Knocking on Haleís door
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Legal Guide Ranks Utah's Top Law Firms
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What can in-house lawyers be sure of?
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Wilmer/Hale: Running for president
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The bare facts
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Chadbourne gains senior Bank of New York lawyer
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Keeping fee disputes to a minimum can be key to reducing risks of malpractice claims and disciplinary complaints
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How the distinctive cultures of US and UK law firms can be used to their advantage in carving out a niche in one anotherís markets
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In House: A global perspective
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Corporate Reform:

Fund firm sets millions aside as penalties loom
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Top Executives Offer Words of Wisdom to New CEOs Coming into Tough Spots
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Corporate Executives Still Reeling in the Perks

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Accounting:

KPMG plays waiting game on MCI audit
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Option-expensing foes invoke China
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Global Crossing's new accounting woes
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No More Loopholes For High Tax State Governments
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Energy:

Judge Grants Mirant Extension to File Reorganization Plan
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CashPoint:

State extends suspension of CashPoint's license
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Rhode Island Regulators Shutter Payment Centers
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CashPoint gets an overseer
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Penn Traffic Granted Extension On Reorganization Plan
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Courts side with government in dispute over LV retirement fund
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Citigroup Uses Mutual Funds as `Dumping Grounds' for Clients
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Bankruptcy trustee alleges fraud in suit against 5 Allstate Financial execs
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New Bankruptcy Opinions
(1 new opinion today) 

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings
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Weird News
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Comcast CEO: 'Suspect' Will Look At Adelphia Assets
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Bankruptcy Hearing Scheduled for Westar Financial on June 7; For Approval of Disclosure Statement in Support of Plan of Liquidation
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Ex-LTV counsel named bankruptcy judge
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Aptix files for bankruptcy following CEO's imprisonment
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Ch. 11 bandage stems Ace bleeding
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Amerco notches deal with WP Carey
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Aladdin handover to new owners could be delayed
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Plan would ban using health to deny credit
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UK:

Lords to review shock BCCI privilege ruling
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Failed Tycoon, 'Scotland's fastest bankrupt', In Car Rage Attack
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Bankruptcy law shake-up
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Financial Collateral Regulations
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Changes to High Court enforcement procedures
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Aprilia facing bankruptcy?
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Televillage receivership properly managed
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Japan:

New inspections set for problem banks
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Saving Mitsubishi Motors May Be Impossible Dream
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Italy:

AC Parma insolvent
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Parma soccer team is declared insolvent
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Italian centre of main interests decisions relating to Parmalat SPVs
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Canada:

Imperial PlasTech reports first quarter results
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Australia:

Elliott admits 15 undisclosed directorships
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Bankers pull plug on Epic pipeline
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Russia:

Russia orders seizure of massive UES hydro dam
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Former Russian bankruptcy official shot dead
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Indonesia:

Prudential's Woes in Indonesia Highlight Risks
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Prudential insurance workers rally against Jakarta bankruptcy ruling
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Canada:

Domans divided over restructuring deal
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